Parastate Code Review
TM Rating: 72%
Review Date: August 10th, 2021
ParaState is a Polkadot parachain that extends the frontier of Ethereum with a substrate framework. By supporting 20+ programming languages to create Ethereum-compatible smart contracts, they aim to unite a larger developer community to boost cross-chain interoperability. While supporting the EVM pallet to provide seamless compatibility with all existing Ethereum applications, ParaState also provides, EWASM (Ethereum-flavored WebAssembly).
Unlike side-chain layer 2 solutions, Para states Dapps can gain Layer 1 security while maintaining the protocol’s composability. Combining this with a high-performance smart contract implementation environment and the ability to migrate from Ethereum makes ParaState an interesting project to watch out for. They don’t have a token yet.